Rent-A-Center (RCII) Releases Quarterly Earnings Results, Misses Expectations By $0.51 EPS
Rent-A-Center (NASDAQ:RCII) issued its quarterly earnings data on Tuesday. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.76 by $0.51, StockRatingsNetwork reports. The company had revenue of $769.61 million for the quarter, compared to the consensus estimate of $792.12 million. During the same quarter last year, the company posted $0.81 earnings per share. Rent-A-Center’s revenue was up 1.5% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Rent-A-Center from $38.00 to $31.00 in a research note to investors on Friday, January 17th. They now have a “hold” rating on the stock. On the ratings front, analysts at Thomson Reuters/Verus upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Rent-A-Center in a research note to investors on Tuesday, December 17th. They now have a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Rent-A-Center presently has an average rating of “Hold” and a consensus target price of $36.83.
Shares of Rent-A-Center (NASDAQ:RCII) opened at 31.22 on Tuesday. Rent-A-Center has a 52-week low of $30.74 and a 52-week high of $40.80. The stock’s 50-day moving average is $32.8 and its 200-day moving average is $35.89. The company has a market cap of $1.671 billion and a price-to-earnings ratio of 10.72.
Rent-A-Center, Inc is a rent-to-own operator in North America. It provides the customers the ownership of durable products, such as consumer electronics, appliances, computers, furniture and accessories, under rental purchase agreements with no long-term obligation.
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